D & E Foundation is located in Milpitas, CA. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. D & E Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2023, D & E Foundation generated $194.6k in total revenue. All expenses for the organization totaled $62.4k during the year ending 11/2023. While expenses have increased by 6.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
NA
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shengyang Xiao President | 20 | $0 | |
Shengyang Xiao Secretary | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,882 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $180,675 |
| Capital Gain Net Income | $180,676 |
| Net ST Capital Gain | $180,676 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $194,557 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $18,393 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,321 |
| Printing and publications | $0 |
| Other expenses | $22,922 |
| Total operating and administrative expenses | $51,496 |
| Contributions, gifts, grants paid | $10,890 |
| Total expenses and disbursements | $62,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,474 |
| Savings and temporary cash investments | $82,826 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $442 |
| Other assets | $0 |
| Total assets | $754,217 |
| Accounts payable and accrued expenses | $1,573 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,573 |
Over the last fiscal year, D & E Foundation has awarded $10,890 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA INTERNATIONAL UNIVERSITY FO PURPOSE: CHARITABLE DONATION | $10,000 |
TAICANG PRIMARY SCHOOL OF HUALIEN C PURPOSE: CHARITABLE DONATION | $890 |